Spokane International Academy
- Assets
- $28.9m
- Revenue
- $9.3m
- Investments
- $0.0
- Employees
- 92
- Location
- Spokane, WA
- Founding
- 08/2014
- Data as of
- 08/2021
- EIN
- 47-1091821
Organization Overview
Spokane International Academy is located in Spokane, WA. The organization was established in 2014. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 08/2021, Spokane International Academy employed 92 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Spokane International Academy is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 08/2021, Spokane International Academy generated $9.3m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 44.5% each year . All expenses for the organization totaled $8.4m during the year ending 08/2021. While expenses have increased by 43.5% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATION THAT FOCUSES ON HIGH ACADEMIC STANDARDS, DEVELOPING STRONG CHARACTER & GLOBAL WORLDVIEW.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SPOKANE INTERNATIONAL ACADEMY IS FOR STUDENTS ENTERING KINDERGARTEN AND 1ST THRU 8TH GRADE FOR THE 2020-2021 YEAR. THERE IS NO COST TO PARENTS TO ATTEND SPOKANE INTERNATIONAL ACADEMY. WE ARE AN OPEN ENROLLMENT, PUBLIC CHARTER SCHOOL FUNDED LIKE A DISTRICT PUBLIC SCHOOL. WE ACTIVELY SEEK PRIVATE SUPPORT OF OUR EFFORTS THROUGH FUNDRAISING AND IN-KIND DONATIONS, BUT THERE IS NO FINANCIAL COMMITMENT NECESSARY ON BEHALF OF FAMILIES TO ACCESS OUR PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Travis Franklin Chief Executive Officer | Officer | 40 | $132,337 |
Morgen Flowers Washington Head Of School | Officer | 40 | $106,828 |
Brook Wilkerson Chief Operations Officer | Officer | 40 | $93,611 |
Nathan Pelton Assistant Principal | Officer | 40 | $91,371 |
Heather Dauphin Chief Financial Officer | Officer | 40 | $31,863 |
Ken Vorhees Chair | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,862,159 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,862,159 |
| Total Program Service Revenue | $5,625,438 |
| Investment income | $116 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,309,601 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $720,253 |
| Compensation of current officers, directors, key employees. | $437,862 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,826,798 |
| Pension plan accruals and contributions | -$495,699 |
| Other employee benefits | $1,596,365 |
| Payroll taxes | $40,862 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,703 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $260,967 |
| Advertising and promotion | $5,622 |
| Office expenses | $556,733 |
| Information technology | $267,310 |
| Royalties | $0 |
| Occupancy | $679,238 |
| Travel | $230,832 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,557 |
| Interest | $320,381 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $404,310 |
| Insurance | $75,819 |
| All other expenses | $0 |
| Total functional expenses | $8,359,008 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,525,361 |
| Savings and temporary cash investments | $4,793,342 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $324,971 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,897,274 |
| Net Land, buildings, and equipment | $20,327,890 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $28,868,838 |
| Accounts payable and accrued expenses | $2,556,104 |
| Grants payable | $0 |
| Deferred revenue | $233,775 |
| Tax-exempt bond liabilities | $20,046,908 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,158,902 |
| Total liabilities | $24,995,689 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $3,873,149 |
| Total liabilities and net assets/fund balances | $28,868,838 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Spokane International Academy has recieved totaling $1,055,215.
| Awarding Organization | Amount |
|---|---|
Washington State Charter Schools Association Seattle, WA PURPOSE: SUPPORT OF WASHINGTON CHARTER PUBLIC SCHOOLS | $805,215 |
Charter Fund Inc Broomfield, CO PURPOSE: CHARTER SCHOOL GROWTH | $250,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Eastern Aleutian Tribes Inc Anchorage, AK | $24,179,312 | $16,987,359 |
International Society For Technology In Education Portland, OR | $20,256,205 | $13,556,365 |
Public School Employees Of Washington Auburn, WA | $10,924,728 | $12,530,239 |
Washington State Charter Schools Association Seattle, WA | $13,158,502 | $7,768,416 |
Bluum Inc Boise, ID | $2,040,780 | $9,996,338 |
Native Project Spokane, WA | $18,009,954 | $13,503,494 |
Spokane International Academy Spokane, WA | $28,868,838 | $9,309,601 |
Pride Prep Schools Spokane, WA | $4,483,995 | $8,242,945 |
Oregon School Employees Association 133 Salem, OR | $7,639,516 | $7,655,217 |
Washington Manufacturing Services Bothell, WA | $3,899,855 | $7,541,918 |
Oregon Social Learning Center Inc Eugene, OR | $1,429,393 | $6,701,221 |
Riverstone Community School Inc Boise, ID | $14,062,968 | $7,409,648 |